Pakistan Stock Exchange (PSX) Weekly Analysis 11 Feb, 2018

BUY recommendations are:  ACPL, APL, ASTL, BAHL, CHCC, DGKC, FATIMA, FCCL, GWLC, HBL, HCAR, HUBC, INDU, KOHC, LPL, LUCK, MARI, MCB, MLCF, NBP, NCL, NCPL, OGDC, PIOC, PPL, PSMC, PSO, and UBL.

Top gainers of last week were: MUREB, COLG, JSCL, DCR, SSGC, NBP, JLICL, PMPK, POML and TRG.

Top losers of last week were: CHCC, IGIIL, KOHC, BOP, PIOC, DGKC, ATLH, CPPL, PPL and GLAXO.

Top Volume Leaders of last week: TRG, SSGC, BOP, KEL, EFERT, FCCL, PAEL, SNGP, ISL, and JSCL.

The Pakistan Stock Exchange (PSX) market index exhibited volatility in the outgoing week. KSE-100 index has closed on 43,809 by losing -492 points or -1.11 % while KSE-30 index has closed on 21,896 by losing 256 or -1.16 %.

According to experts of http://www.karachistockexchange.org, following news have played vital role in Karachi Stock Market index movement:

  • Traded volume were down 4% whereas traded value was down 3% during the week
  • On the sector front; Cement and E&Ps declined by 4% and 2%, respectively whereas Food & Personal Care was up 1%. Market Capitalization of Commercial Banks remained flat
  • Foreigners were net sellers of US$8.5mn worth of shares during the week vs. buying of US$12.6mn during the last week. On the local front, Individuals were net buyers of US$8.7mn whereas mutual funds were net sellers of US$5.0mn
  • According to Pakistan Bureau of Statistics (PBS), Pakistan exports were up 11% YoY in Jan 2018 to US$1.2bn. However, imports were up 19% YoY to US$5.6bn, while country’s trade deficit touched US$3.6bn (the highest ever level)
  • The government has started negotiations with the UAE and Swiss governments to collect information regarding Pakistanis holding billions of dollars of offshore assets and bank accounts to bring these Pakistanis into the tax net. We have started negotiations with authorities in Dubai and Switzerland to get information about properties and other assets of Pakistanis,” said Minister of State for Finance Rana Muhammad Afzal while talking to reporters after a meeting of the Standing Committee on Law and Justice at the Parliament House
  • Oil prices fell to their lowest in seven weeks with WTI trading below US$61/bbl amid fears of rising global supplies after Iran announced plans to increase production and U.S. crude output hit record highs
  • Pakistan’s exports of non-textile products posted a robust growth of nearly 19 per cent to $4.4 billion in the first six months of this fiscal year. The exports of these products, which were faced with a steady decline, rebounded in 2017-18 owing to the government’s support, suggested data compiled by the Pakistan Bureau of Statistics (PBS)
  • Pakistan and the World Bank signed agreements worth $305 million on Friday to support projects in the agriculture sector in Punjab and to improve the nutritional status of children and women in Khyber Pakhtunkhwa
  • Engro Fertilizers’ net profit grew 20.15 percent on a year-on-year basis, chiefly drawing strength from strong gross margins, analysts said on Thursday. he company, in a notice sent to Pakistan Stock Exchange, said it netted Rs11.15 billion for the year ended December 31, 2017 compared to Rs9.28 billion recorded in the previous year
  • Net profit of Cherat Cement went up 19.75 percent to Rs743.44 million for the quarter ended December 31, 2017, translating into earnings per share (EPS) of Rs4.21
  • Possible announcement of budget by the 2nd week of May where incentive packages regarding the fertilizer and IT sectors seem to be in the offing
  • NA being apprised that the general elections’ schedule would be announced on May 26’18


Following are few BUY recommendations:

Attock Cement (ACPL) – BUY 
Current Price: PKR 191.5     
Target Price: PKR 261

Attock Petroleum (APL) – BUY 
Current Price: PKR 561.2         
Target Price: PKR 745.14

Amreli Steels Limited (ASTL) – BUY 
Current Price: PKR 93.6         
Target Price: PKR 128

Bank Al-Habib (BAHL) – BUY 
Current Price: PKR 67.1     
Target Price: PKR 72

Cherat Cement (CHCC) – BUY 
Current Price: PKR 125.1 
Target Price: PKR 153

Dera Ghazi Khan Cement (DGKC) – BUY 
Current Price: PKR 151.5
Target Price: PKR 194

Fatima Fertilizer (FATIMA) – BUY 
Current Price: PKR 31.90
Target Price: PKR 45.1

Fauji Cement Company Limited (FCCL) – BUY 
Current Price: PKR 27.8     
Target Price: PKR 36

Gharibwal Cement Ltd (GWLC) – BUY 
Current Price: PKR 26.85
Target Price: PKR 58

Habib Bank Limited (HBL) – BUY 
Current Price: PKR 195.2         
Target Price: PKR 248

Honda Cars (HCAR) – BUY 
Current Price: PKR 523.5     
Target Price: PKR 707

HUBCO (HUBC) – BUY 
Current Price: PKR 98.6         
Target Price: PKR 138.7

Indus Motors (INDU) – BUY 
Current Price: PKR 1741     
Target Price: PKR 2,069

Kohat Cement (KOHC) – BUY
Current Price: PKR 149.6 
Target Price: PKR 248

Lalpir Power (LPL) – BUY 
Current Price: PKR 22.2         
Target Price: PKR 30

Lucky Cement (LUCK) – BUY 
Current Price: PKR 611           
Target Price: PKR 827

MARI Petroleum (MARI) – BUY 
Current Price: PKR 1581.9           
Target Price: PKR 2040 

Muslim Commercial Bank (MCB) – BUY 
Current Price: PKR 225.7   
Target Price: PKR 252

Maple Leaf Cement (MLCF) – BUY 
Current Price: PKR 76.1         
Target Price: PKR 107

National Bank of Pakistan (NBP) – BUY 
Current Price: PKR 51.57
Target Price: PKR 74

Nishat Chunian (NCL) – BUY 
Current Price: PKR 52.59
Target Price: PKR 69

Nishat Chunian Power (NCPL) – BUY 
Current Price: PKR 30.97     
Target Price: PKR 50

Oil & Gas Development Co. (OGDC) – BUY 
Current Price: PKR 166.3         
Target Price: PKR 193

Pioneer Cement Limited (PIOC) – BUY 
Current Price: PKR 70.6         
Target Price: PKR 109

Pakistan Petroleum (PPL) – BUY 
Current Price: PKR 197.6 
Target Price: PKR 239

Pak Suzuki Motors (PSMC) – BUY 
Current Price: PKR 508.53
Target Price: PKR 620

Pakistan State Oil (PSO) – BUY 
Current Price: PKR 309.7         
Target Price: PKR 392

United Bank Limited (UBL) – BUY 
Current Price: PKR 196.3   
Target Price: PKR 238

Thank you very much for reading this article.

NOTE: The information posted in this blog /forum (http://www.karachistockexchange.org/) is based on current affairs & investors point of view. There may be discrepancy in the ground realities. The information given in this blog /forum (http://www.karachistockexchange.org/) is as of the date of this post and there can be no assurance that future results or events will be consistent with this information. This post is provided for assistance only and is not intended to be and must not alone be taken as the basis for any investment decision. The user assumes the entire risk of any use made of this information. Each viewer of this post should make such investigation as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this post (including the merits and risks involved), and should consult his or her own advisors to determine the merits and risks of such investment. This blog /forum (http://www.karachistockexchange.org/)  or any of its affiliates shall not be in any way responsible for any loss or damage that may be arise to any person from any inadvertent error in the information contained in this post.

Written by: Rana Khuram

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